Back in 1958, Leonard E. Read wrote what has become the most popular essay ever written in defense of the free market. It was better than Frederic Bastiat‘s 1850 essay on a broken window as destructive, not productive. It was as clever as Bastiat’s humorous petition of the candlemakers calling for laws against the ruinous competition from the sun. Milton Friedman recommended it highly.
Leonard Read’s delightful story, “I, Pencil,” has become a classic, and deservedly so. I know of no other piece of literature that so succinctly, persuasively, and effectively illustrates the meaning of both Adam Smith’s invisible hand – the possibility of cooperation without coercion – and Friedrich Hayek‘s emphasis on the importance of dispersed knowledge and the role of the price system in communicating information that “will make the individuals do the desirable things without anyone having to tell them what to do.”
For over half a century, this essay has stuck in the collective craw of Keynesians, who regard the free market as in need of government regulation and extensive government ownership of natural resources. But Keynesians tend to write turgid, incomprehensible articles. They do not have the gift of satire. One Keynesian has attempted to refute Read’s essay by an appeal to government ownership of forests and government regulation of industry. This is what made pencils possible, he says.
So, I have updated Read’s essay.
[Hosted by imgur.com] or the last 10 years we have listened to political analysts, comedians, actors, singers, elected Democrats, and most liberal black leaders accused Bush of being a racist. That being said, I think the biggest reason Obama has not said or done anything about the black on white violence is because he’s setting America up for a Helter Skelter summer come 2012.
I firmly believe Obama is allowing a certain amount of black anger against white people to exist because he is hoping that at some point whites will begin retaliating. If these unprovoked attacks continue, it will be just a matter of time before some angry white people retaliate in a way that will allow the MSM and the left to blame conservatives of being Republican voters the racists tea party conservatives. It would be Obama’s Oklahoma City Bombing moment.
Just as Clinton used the Oklahoma City bombing to attack talk radio and turn Americans off of the militia movements of the early 1990s, Obama hopes that any retaliatory attacks against blacks will discredit the conservative tea party movement. Then maybe the Republican candidates will distance themselves from the Tea Party, and thus temper the turnout for him to win re-election. It’s my opinion that the MSM will do all they can to help the Democrats tie any white on black violence to the tea party conservatives.
By telegraphing a message that his Justice Dept is not going to go after any blacks for crimes against white people, Obama is guaranteeing more black on white violence. So come summer time when the primary elections are heating up and the Obama’s recession continues to keep a majority of black teens unemployed, there could…..
(Excerpt) Read more at newsblaze.com …
Wyatt Earp disbursed many a lynch mob with his resolute demeanor standing behind his Colt .45 six shooters or a shotgun. Was his threat overkill? I don’t think so! It worked and usually, not a shot was fired. Check that thought. What about a “flash mob?”………………………………
The White House is now defending some of its talking points over how it will mark the tenth anniversary of September 11th, namely by minimizing references to Al Qaeda in an effort to show the terror group is increasingly less relevant. A former staffer of Vice President Dick Cheney spoke out against the move, saying “I think the fact that you would actually instruct government officials to speak differently about 9/11 simply based on where they’re standing is not just insulting to American audiences and to foreign audiences, but again I think its a little bit of a window into how they look at national security issues.
(Excerpt) Read more at foxnewsinsider.com …
The actor, who has served as a reserve deputy sheriff since the mid-’80s, was part of a team that arrived at Jesus Sanchez Llovera’s Arizona house in March with a tank and armed in full riot gear, Llovera alleges in his legal documents.
VIDEO: Steven Seagal Arrives for Police Bust in Tank
Llovera claims that the raid, carried out by the Maricopa County Sheriff’s Department, was “unfounded” because they believed Llovera was raising roosters for illegal cockfighting. But he says the roosters are only “for show.”
Llovera — who served both Seagal and Sheriff Joe Arpaio with an official notice of claim, the first step toward a lawsuit — says his 11-month-old puppy was shot and killed during the raid and that police also killed more than 100 of his roosters.
(Excerpt) Read more at tv.yahoo.com …
The facility has been installed at the Anderson-McQueen funeral home in St Petersburg, and will be used for the first time in the coming weeks. It is hoped other units will follow in the US, Canada and Europe.
The makers claim the process produces a third less greenhouse gas than cremation, uses a seventh of the energy, and allows for the complete separation of dental amalgam for safe disposal.
(Excerpt) Read more at bbc.co.uk …